Joe Desrosiers
Buying from an overseas owner
I have been following a property which is owned by someone in China. The property has been reduced 75K already and the owner is willing to take a loss. I have not experience buying from someone overseas or in China. A...
Buddy Holmes
How to Handle the value of a Bankrupt DST held in a SDTIRA
I unfortunately invested in a student housing DST that went into Chapter 11 due in part to Covid and virtual classes.I have to take MRD from my TIRA so I need to get the evaluation down to $0 so as to reduce the MDR.A...
Alden Ho
Should I rent or Airbnb my 3br 2ba townhouse?
Hello,I'm a current working professional who lives in a 3br 2ba in mesa az. My mortgage is $2000 and hoa $200. I'm thinking about renting my townhouse for around $2400/month or $2200. I would technically be taking a l...
Anil Villamkandathil
Failed Fix and Flip Exit strayegy
Hello all,
I am doing my first rehab flip. It has turned out to be damm adventureous/scary/ Stressfull/ Sleepless journey. I have my great share of mistakes, and if I survive this , will do it lot better next time. T...
Craig Steltz
HELOC - LLC question
All,
If I take out a HELOC under an LLC. Meaning the LLC would own the HELOC. How would one deduct interest on their taxes? this wouuld be a single member LLC. Can I just use the EIN on my own personal tax return ...
Ngozi Iwunze
TAX flipping to renting
Taxes
I'm flipping a house, hoping to sell it and buy a triplex for rental purpose. Is there a way to avoid capital gain taxes. Im thinking of pushing my 2024 tax deduction to 2025 as a way to reduce it a bit.
Jerry Daily
Buying another property to offset taxes
I currently own a rental property that profits at least 15K after all deductions. I also own a rental property in cash under an LLC that profits very little on paper. I also have a primary residence with nearly a JUMB...
Joseph Martin
Cost Segregation for SFRs and rentals
Does anyone do cost segregation for SFRs and rental properties? I’m trying to learn how to do this, especially since I’m in the 37% tax bracket. Any advice and direction is greatly appreciated! Thanks!
SANDRA Hillhouse
Help! Flip not selling, should I eat loss or hold and rent?
Hoping someone can help. Flipped a house (gorgeous, made timeline, and close to on budget. Best schools great location. Because Of the insane appreciation in this area over past year, it’s taken an early and big hit -...
Zachary Vanheyningen
Should you buy a house that has fire damage?
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $20,000
Cash invested: $50,000
Sale price: $110,000
First, fix and flip. Complete burn-out property. Learned a ...